India in Transition : a Study in Political Evolution
The book India in Transition : a Study in Political Evolution was written by author 1877 1957 Aga Khan Iii Here you can read free online of India in Transition : a Study in Political Evolution book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is India in Transition : a Study in Political Evolution a good or bad book?
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I am well aware that instances of actual confisca- tion are so infrequent that the "prestige " school of Anglo-Indians might consider my contention far-fetched. But from personal observation I do not hesitate to say that such a reserve power has considerable influence in encouraging secret hoard- ing in place of investment. I have constantly heard non-political and conservative people refer to this absolute power as a reason for hiding, or CONFISCATORY POWERS 197 sending abroad, their money and... for failing to take opportunities for placing it out at good interest. So long as the State does not renounce such arbitrary authority, it cannot expect from its subjects the full confidence that will lead to their loaning money to the State or to joint-stock enter- prise. Frederick II long ago laid down for Prussian administration the principle that whatever was done with the life and liberty of the people, property should be sacred, and should not be touched except through obviously fair processes of law and trial.
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